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Wednesday, November 12, 2008

Everybody Wants a Piece of the Pie

When I was in college, I had to take a public speaking class. In it we learned about the fallacies we should avoid when making arguments. One of these I had trouble accepting as a fallacy. It was the 'slippery slope' argument. While in some cases the slippery slope can be grossly exaggerated, in many cases it's a legitimate and accurate argument.

A prime example of this is the $700 billion payout. Many people argued that if we did this, other industries would also start wanting bailouts and would probably get them. Looks like they were right. If we don't put the brakes on this right now, we will end up with a government controlled economy.

The government cannot insulate America from hard times forever. Eventually this slump is going to have to run its course. The longer we put off the inevitable, the worse its going to be when it does happen.

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